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John Coleman

john@colemanresidential.com +1(202) 427-9689

Listed by Renee Edge • Iron Valley Real Estate at The Beach

$499,000

Est. payment - /mo

10,454 Sqft Lot

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Key Details

Property Type Commercial

Sub Type Services

Listing Status Active

Purchase Type For Sale

MLS Listing ID DEKT2006694

Year Built 1953

Annual Tax Amount $1,801

Tax Year 2021

Lot Size 10,454 Sqft

Acres 0.24

Lot Dimensions See in photos

Property Sub-Type Services

Source BRIGHT

Property Description

PRICE IMPROVEMENT! Bring Offers! Welcome to your downtown business opportunity in the central business district of Milford DE! Just under a quarter acre of commercial property with multiple permitted uses on the Mispillion River! Huge, clean, 2 story building with plenty of space for your business needs! Presently it has a showroom, office space, storage rooms, large drive in garage area, paint booth area, bathroom, and sewing room upstairs with more storage space. Then you have another section with separate entrance and electric that has plenty of open space and a bathroom. Have a separate business, utilize the extra space, or lease out the space for income! Sixteen inch beams on the ceiling, 20 feet of ceiling clearance, and a recently updated flat roof. Sidewalk in the front and private parking lot on the side included. Behind the building is the Mispillion River for nice water views and park views just across the River. Sale includes 2 parcels. Currently being operated as an Auto Trim and Accessories Shop that has been in business over 30 years! Business, equipment, and inventory not included in sale but could be negotiated separately. Continue with the current business type use that is in place or create your own business venture from one of the many permitted uses. A few ideas are flower shop, restaurant, retail, barber, Craft distillery and microbrewery, tavern, antique shop, laundry, and more. See the City of Milford Website for a complete list of uses and also included in the photos. Additional public parking is available at next door shopping center. Take advantage of the “Downtown Development District” opportunities for new businesses. Some of these opportunities include rebates on construction costs, building permit and impact fees waived, and stay of assessed value. Contact the city for more details. You are also in a Federal Opportunity Zone. The City of Milford has a population just over 10,000 and is a city split between Kent and Sussex Counties of Delaware. It is rich in history with ship building as a major industry in the early days, as the Mispillion River goes right to the Delaware Bay. Today you have a growing city with many businesses downtown, riverwalk area, dog park, public park, nature trail, kayak/boat launch, shopping centers, public library, and many annual town events including parades. Location is just 30 minutes to resort beaches and only a few miles to the shore along the Delaware Bay. Be sure to click the virtual tour link for a video tour! Have a business looking for more room or looking to start a business? Call today!

Location

State DE

County Kent

Area Milford (30805)

Zoning C2

Interior

Hot Water Electric

Heating Forced Air

Cooling Window Unit(s)

Flooring Concrete, Wood

Equipment Negotiable

Heat Source Oil

Exterior

Garage Spaces 6.0

Utilities Available Electric Available, Sewer Available, Water Available

Waterfront Description Rip-Rap

Water Access Y

Water Access Desc Fishing Allowed,Canoe/Kayak

View City, Park/Greenbelt, River, Water

Roof Type Flat

Accessibility Entry Slope <1'

Total Parking Spaces 6

Garage N

Building

Lot Description Additional Lot(s), Stream/Creek

Foundation Slab

Sewer Public Sewer

Water Public

New Construction N

Schools

School District Milford

Others

Tax ID MD-16-18310-04-3102-000

Ownership Fee Simple

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Financing Cash,Conventional

Special Listing Condition Standard

Virtual Tour https://youtu.be/6CNzdQvabpg

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John Coleman

REALTOR® | OWNER | License ID: SP98375761

+1(202) 427-9689 | john@colemanresidential.com

112 PARK AVE Milford, DE 19963

John Coleman

Key Details

Location

Interior

Exterior

Building

Schools

Others

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112 PARK AVE

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